Out of 150 India equity funds, 89 have outperformed Sensex.
Out of three chief ministerial aspirants in Delhi, the Aam Aadmi Party's Arvind Kejriwal ranks lowest with assets worth Rs 2.09 crore while Congress leader Ajay Maken tops the chart with Rs 12.34 crore followed by Rs 11.65 crore of the Bharatiya Janata Party's Kiran Bedi.
The Indian banking sector that has remained almost immune to the global economic slowdown is in for a tough time as non-performing assets of banks are expected to more than double to 5 per cent of total advances in the next two years, says an analyst.
The US banking behemoth Citigroup has got risky assets worth $306 billion -- a figure equivalent to over half the total assets, nearly six times of market value as well as annual revenue, or about 50-times of full-year net profit of all Indian banks together!
It was a mixed outing for super rich candidates as five of them emerged victorious and an equal number suffered defeat in the Lok Sabha polls.
Domestic fund houses forge pacts with foreign peers to mop up $7 billion.
Tighter norms, better economy reduce credit card non-performing assets.
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The CJI said that after being a judge for around two decades, he had a bank balance of Rs 6.80 lakh.
Opposition allege that Rs 13.5 crore has been added erroneously in the calculation of income.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
Infrastructure Development Finance Company has bagged Standard Chartered's asset management business in India for a total consideration of $205 million (around Rs 820 crore) in an all-cash deal. This deal, like the ill-fated UBS' bid last year, however, does not include StanChart's mutual fund distribution business, which the London-based bank will continue to pursue in India.
State-run UTI Mutual fund has toppled private sector ICICI Prudential to be the country's second biggest fund house, while Anil Ambani Group's Reliance MF has retained its top position.
Homegrown private equity major ChrysCapital on Thursday announced closure of its fifth fund worth $1.25 billion (about Rs 5,000 crore), taking up its total asset under management to $2.25 billion.
Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms
ED attached 21 properties of Nirav Modi and his group worth over Rs 523 crore.
Continued volatility in Indian stock markets over the US subprime mortgage crisis all through August has led to a fall in assets of mutual funds in the country by over Rs 185 billion during the month.
Capital needs are likely to increase substantially each year.
ICICI Bank Ltd, India's biggest private sector lender, posted its slowest quarterly growth in four years as asset quality worsened and funds set aside for bad loans and contingencies almost doubled from a year earlier.
The combined assets under management of the 32 fund houses in the country fell to Rs 5,49,114.82 crore (Rs 5,491.14 billion) in January, against Rs 5,49,942.02 crore (Rs 5,499.42 billion) at the end of December, 2007, latest data available on the website of Association of Mutual Funds in India show.
Country's biggest lender State Bank of India had proposed merger of five associate banks.
Domestic households are grossly underexposed to equities.
India's 32 mutual fund houses saw an erosion of over Rs 32,200 crore (Rs 322 billion) in their total asset under management last month, with a weak stock market robbing off some shine from their over Rs 5 trillion portfolio.
Its registration is unusual because the firm appears twice in the RoC database, but different identification numbers.
Indian government expects LIC to have better business this year.
Deol reminded voters of the patriotic character he played in Gadar and referred to his 'dhai kilo ka haath' from another movie.
Rahul Gandhi's immovable assets have shown a decline since 2009 but the value of total assets has doubled to Rs.9.4 crore in the last five years.
The total assets of the Life Insurance Corporation of India (LIC) have grown to about Rs 500,000 crore (Rs 5 trillion) from Rs 381.90 crore (Rs 3.819 billion) five decades ago at the time of nationalisation, a senior official said in Coimbatore.\n\n
Domestic mutual funds have witnessed a windfall of assets worth about Rs 20,000 crore (Rs 200 billion) over the past month on the back of investors reposing faith in the market.
The total assets of the superrich soared to 31 trillion yuan.
Domestic mutual funds have added over 20 billion dollars in July to their 100-billion-dollar kitty, driven by fresh capital raised through new fund offerings as well as a sharp rally in stock markets.
Leading share-holders called for change.
As per the report, out of 612 candidates, 168 (27 per cent) are crorepatis.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Profit before tax jumped 24 per cent to Rs 1,291.66 crore, against Rs 1,043.34 crore in the year-ago period.
The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.
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